Grant switch would save £165k in tax

COUNCILLORS will vote today to decide if a £826,000 grant for the National Water Sports Centre will be handed to the county council to save tax.

The money was earmarked for Holme Pierrepont Leisure Trust – which manages the site – but it would be obliged to pay £165,000 in tax, cutting the project's funding by around 20 per cent.

Nottinghamshire County Council has already pledged £1.6 million to the scheme, which will cost £6.7 million over the next 21 years.

The project aims to drive visitor numbers by improving accommodation, catering and conferencing facilities, building state-of-the-art fitness facilities and making campsite improvements and developments.

The council's Finance and Property Committee will make their decision today at a meeting at 10.30am at County Hall.